Bitcoin

Before Zynga and Overstock a university announced that it will accept Bitcoin payments, University of Nicosia in Cyprus. Now you can spend Bitcoins in university, you can send your children to study and pay with Bitcoins. They are accepting Bitcoin for tuition and also other fees. They do the same for all the University of Nicosia system including a college (Intercollege), Erasmus programs and professional training division. Early and middle adopters will love this and for me this is very big news.

Few days ago we released the news that overstock.com will accept Bitcoin, the digital currency that will change the world. They were estimating to accept it later this year but they couldn’t wait that long and they already accepting it. After Zynga that is testing Bitcoin as an alternative payment now Ovestock is, the price is going to skyrocket soon so buy now that it is still cheap and you will be able to buy more stuff with the same amount of Bitcoins. The price for each Bitcoin is now around $900 buy few weeks ago it was $1200 and it will probably go to that level soon and in few months even higher (personal estimation).

Zynga is testing its Bitcoin payment method using BitPay in order to accept Bitcoins as payment in their games. I am sure you know at least one of Zynga’s games such as FarmVille 2 and CityVille. It is the first major gaming company that accepts Bitcoin and this shows the acceptance of Bitcoin by companies non related to Bitcoin. BitPay want to become the PayPal of Bitcoin and so far they are doing well. Based on such news, like Overstock and Zynga, and the rest that will follow, 2014 will be a very good year for Bitcoin and we will see its value reach new high.

Overstock.com is a very big retailer and CEO told to The Financial Times that they plan to accept Bitcoin as a payment in 2014. After the announcement, the shares of the company jumped 7.77% in one day. They plan to be the first major online retailer that will accept Bitcoin but this will not happen until the second half of 2014. When this will happen the Bitcoin prices will jump to a new high and it will be more popular than it is now. Charities and several websites accept Bitcoin for donations and it looks like the digital currency gains more popularity every day.